An Ordinary General Assembly Meeting of The United Electronic Company "Extra" was held on April 1, 2013 and has announced the following outcomes:
1- Approving the board of director's annual report, Auditor's report and Audited financial statements of the company as of 31/12/2012, As well as discharging the BOD members from liability for activities during the fiscal year ended 31/12/2013.
2- SAR 60m (25% of paid in capital) dividends declaration as recommended by the BOD for registered shareholders at the end for the meeting day at SAR 2.5 per share, and payments will be made through BSF starting from 15/4/2013.
3- The appointment of Deloitte and Touche accounting firm to audit the financial statements for the year ending 31/12/2013, interim financial statements of the year 2013 as well as interim FSs for Q1 of 2014.
4- Approving all related parties transactions that have taken place during the fiscal year of 2012 even though some of these transactions had started before the year in question.
5- Extending the governance regulations to include a description for the requirement and skills to be possessed by the BOD members and a clause to allow further amendments to the governance regulations as might be needed
6- Amendment of conflict of interest policy
7- Approving an end-of-year bonus to the BOD members of SAR 1.8m at SAR 200,000 for each member.
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